XTB is a European broker that was founded in 2002, and is one of the largest stock exchange listed brokers in the world with offices in 13 countries including the UK, Poland, Germany and France.
It’s also regulated by some of the world’s biggest supervision authorities including the Financial Conduct Authority, KNF, CySEC and the International Financial Services Commission in Belize. It’s been listed on the Warsaw Stock Exchange since 2016, and is currently expanding into new markets including the Middle East, Africa and Latin America.
XTB is a fintech company, combining financial services with innovative technology. It offers clients two platforms: its own award-winning xStation 5, which offers reliable and instant execution with no requotes, and the traditional MT4.
XTB differentiates itself from other brokers through three main aspects: its trading platform, its level of educational and analytical material for all ranges of traders, and its open-door policy which includes a high level of support from a dedicated client support team.
The broker also offers free educational material to their clients to learn how to trade. From its online Trading Academy and video tutorials (which is available both on the website and through xStation), it also offers multiple packages like a Trader’s Library, a Brexit trading guide and daily analysis from a team of market experts.
Finally, XTB’s cryptocurrency offer is also worth mentioning. Traders can choose from 25 crypto CFDs* (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday).CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
|Average Spread EUR/USD - Standard||1.07 (Q3 2022)|
|All-in Cost EUR/USD - Active||1.04 (Q3 2022)|
|Publicly Traded (Listed)||Yes|
|Mobile Trading - Forex or CFDs||Yes|
|Tradeable Symbols (Total)||12000|
|Forex Pairs (Total)||49|
|Virtual Trading (Demo)||Yes|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||No|
|Social Trading / Copy Trading||Yes|
|Charting - Indicators / Studies (Total)||39|
|Apple iOS App||Yes|
|Has Education - Forex or CFDs||Yes|
|Daily Market Commentary||Yes|
|Forex News (Top-Tier Sources)||Yes|
Pros and Cons
- Used by 230,000+ traders
- Established in 2002
- Regulated by Financial Conduct Authority
- Min. deposit from $1
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, XTB offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 522157), and CySEC (Licence: 169/12). XTB puts all client funds in a segregated bank account and uses tier-1 banks for this. XTB has been established since 2002, and have a head office in PL.
Before we dive into some of the more detailed aspects of XTB’s spreads, fees, platforms and trading features, you may want to open XTB’s website in a new tab by clicking the button below in order to see the latest information directly from XTB.
What are XTB’s spreads & fees?
Like most brokers, XTB takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on XTB’s website. The colour bars show how competitive AvaTrade's spreads are in comparison to other popular brokers featured on BrokerNotes.
As you can see, XTB’s minimum spread for trading EUR/USD is 0.1 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with XTB vs. similar brokers.
What can you trade with XTB?
XTB offers over 1,500 different instruments to trade, including over 48 currency pairs. We’ve summarised all of the different types of instruments offered by XTB below, along with the instruments offered by IG and AvaTrade for comparison.
What’s the XTB trading experience like?
1. Platforms and apps
XTB offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. XTB also offer their custom Xstation5 platform. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
XTB also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
2. Executing Trades
XTB allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. XTB allows you to execute a maximum trade of 100 Lot. As XTB offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
As a market maker, XTB may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As a nice bonus, XTB are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
XTB also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by XTB here.
Finally, we’ve listed some of the popular funding methods that XTB offers its traders below.
3. Client support
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian..
XTB has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
4. What you’ll need to open an account with XTB
As XTB is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore XTB’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with XTB you can visit their website here.
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.